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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549





FORM 10-K/A

(Amendment No. 1)





(Mark One)

|x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ------------------------------------------------------------------------------------

for the fiscal year ended December 31, 2011

OR



| ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
|- | ----------------------------------------------------------------------------------------------------------

For the transition period from                
to

Commission File
Number 1-9511





THE COAST DISTRIBUTION SYSTEM, INC.

(Exact name of Registrant as specified in its charter)







|                                                               |  |                                     
|-------------------------------------------------------------- |  | ------------------------------------
|Delaware                                                       |  | 94-2490990                          
|(State or other jurisdiction of
incorporation or organization) |  | (I.R.S. Employer Identification No.)
|                                                               | 
|350 Woodview Avenue, Morgan Hill, California                   |  | 95037                               
|(Address of principal executive offices)                       |  | (Zip Code)                          

(408) 782-6686

(Registrants telephone number, including area code)

Securities
registered pursuant to Section 12(b) of the Act:



|                                                                                           |  |                                                
|------------------------------------------------------------------------------------------ |  | -----------------------------------------------
|Common Stock, par value, $.001 per share
Preferred Share Purchase Rights, $0.001 per share |  | American Stock Exchange American Stock Exchange
|(Title of Class)                                                                           |  | (Name of Each Exchange on Which Registered)    

Securities registered pursuant to Section 12(g) of the Act:

None





Indicate by
check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes   ̈    No    x.

Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 of 15(d) of the Act.    YES   ̈    NO  x.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90
days.    YES  x    NO   ̈

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such
files).    Yes  x    No   ̈

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will
not be contained, to the best of Registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.    x

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of accelerated filer and large accelerated filer and non-accelerated filer and smaller reporting company in Rule 12b-2 of
the Exchange Act. (Check one):



|                        |  |   |  |                           |  |  
|----------------------- |  | - |  | ------------------------- |  | -
|Large accelerated filer |  |  ̈ |  | Accelerated filer         |  |  ̈
|                        |  |   | 
|Non-accelerated filer   |  |  ̈ |  | Smaller reporting company |  | x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the
Exchange Act).    Yes   ̈    No  x

The aggregate market value of the outstanding shares of Common Stock held by non-affiliates of registrant as of June 30, 2011, the
last day of the second quarter of fiscal 2011, which was determined on the basis of the closing price of registrants shares on that date, was approximately $10,997,000.

As of April 20, 2012, a total of 4,754,596 shares of registrants Common Stock were outstanding.





DOCUMENTS
INCORPORATED BY REFERENCE

None









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EXPLANATORY NOTE

On March 30, 2012, The Coast Distribution System, Inc. (Coast Distribution, Coast, we,
our, us, or the Company) filed its Annual Report on Form 10-K for the year ended December 31, 2011 (the 2011 10-K) with the Securities Exchange Commission (the SEC). This Amendment
No. 1 is being filed (i) to add, into Part III of the 2011 10-K, the information that was to have been incorporated by reference therein from the Companys proxy statement for its 2012 Annual Meeting of Stockholders and (ii) to
incorporate by reference into the Exhibit Index in the 2011 10-K, as Exhibit 10.51, the Employment Agreement dated July 21, 2011 between the Company and James Musbach, the Companys Chief Executive Officer, from the Companys Current
Report dated July 21, 2011, which the Company filed with the SEC on July 22, 2011.

As required by Rule 12b-15 under
the Securities Exchange Act of 1934, as amended, new certifications by our principal executive officer and principal financial officer are attached as Exhibits 31.1, 31.2, 32.1 and 32.2 to this Amendment No. 1. Those certifications are the
only Exhibits that are being filed with this Amendment No. 1 on Form 10-K/A.

This Amendment No. 1 (i) does not
reflect or discuss any events that may have occurred during the period that began on March 31, 2012 and will end on the date of the filing of this Amendment No. 1 on Form 10-K/A with the SEC and (ii) does not modify or update any
disclosures in the originally filed 2011 10-K that may have been affected by any such subsequent events.



(i)



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THE COAST DISTRIBUTION SYSTEM, INC.

AMENDMENT NO. 1 ON FORM 10-K/A

TO

ANNUAL REPORT ON FORM 10-K

FOR THE YEAR ENDED DECEMBER 31, 2011

TABLE OF CONTENTS



|                                                                                                                          |  |          |     |  
|------------------------------------------------------------------------------------------------------------------------- |  | -------- | --- | -
|                                                                                                                          | 
|                                                                                                                          |  | Page No. |    
|                                                                                                                          | 
|Explanatory Note                                                                                                          |  |          | (i  | )
|                                                                                                                          | 
|PART III                                                                                                                  |  |          | 1   |  
|                                                                                                                          | 
|ITEM 10    Directors and Executive Officers of the Registrant                                                             |  |          | 1   |  
|                                                                                                                          | 
|ITEM 11.    Executive Compensation                                                                                        |  |          | 8   |  
|                                                                                                                          | 
|Summary Compensation Table                                                                                                |  |          | 8   |  
|                                                                                                                          | 
|Narrative to Summary Compensation Table                                                                                   |  |          | 9   |  
|                                                                                                                          | 
|Outstanding Equity Awards at Fiscal Year-End                                                                              |  |          | 11  |  
|                                                                                                                          | 
|Restricted Shares Vested and Options Exercised in 2011                                                                    |  |          | 12  |  
|                                                                                                                          | 
|Pension Benefits                                                                                                          |  |          | 12  |  
|                                                                                                                          | 
|Nonqualified Deferred Compensation Plans                                                                                  |  |          | 12  |  
|                                                                                                                          | 
|CEO Employment Agreement and Potential Severance and Change of Control Payments                                           |  |          | 12  |  
|                                                                                                                          | 
|Directors Compensation                                                                                                   |  |          | 13  |  
|                                                                                                                          | 
|ITEM 12.    
Security Ownership Of Certain Beneficial Owners And Management And Related               Stockholder Matters |  |          | 14  |  
|                                                                                                                          | 
|ITEM 13.    Certain Relationships And Related Transactions                                                                |  |          | 15  |  
|                                                                                                                          | 
|ITEM 14.     Principal Accountant Fees And Services                                                                       |  |          | 16  |  
|                                                                                                                          | 
|Signature Page                                                                                                            |  |          | S-1 |  
|                                                                                                                          | 
|Index to Exhibits                                                                                                         |  |          | E-1 |  

Exhibits being filed with this Amendment No. 1 on Form 10-K/A

Exhibit 31.1 Certifications of Chief Executive Officer under Section 302 of the Sarbanes-Oxley Act of 2002

Exhibit 31.2 Certifications of Chief Financial Officer under Section 302 of the Sarbanes-Oxley Act of 2002

Exhibit 32.1 Certification of Chief Executive Officer under Section 906 of the Sarbanes-Oxley Act of 2002

Exhibit 32.2 Certification of Chief Financial Officer under Section 906 of the Sarbanes-Oxley Act of 2002



(ii)



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PART III



|ITEM 10. | DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
|-------- | --------------------------------------------------

Directors of Registrant

The Board of Directors is divided into three
classes. The Directors in each Class stand for election in successive years, for a term of three-years. Robert S. Throop and Leonard P. Danna are the Class I Directors; John W. Casey and James Musbach are the Class II Directors; and Thomas R.
McGuire and Ben A. Frydman are the Class III Directors. Set forth below is information regarding the Companys Directors:



|                     |  |     |  |                                                 |  |               |  |                    
|-------------------- |  | --- |  | ----------------------------------------------- |  | ------------- |  | -------------------
|Name                 |  | Age |  | Position                                        |  | DirectorSince |  | Current TermExpires
|Class I Directors:   |  |     |  |                                                 |  |               |  |                    
|Robert S. Throop     |  | 74  |  | Director                                        |  | 1995          |  | 2013               
|Leonard P. Danna     |  | 59  |  | Director                                        |  | 2003          |  | 2013               
|Class II Directors:  |  |     |  |                                                 |  |               |  |                    
|John W. Casey        |  | 70  |  | Director                                        |  | 1998          |  | 2014               
|James Musbach        |  | 62  |  | President, Chief Executive Officer and Director |  | 2007          |  | 2014               
|Class III Directors: |  |     |  |                                                 |  |               |  |                    
|Thomas R. McGuire    |  | 68  |  | Executive Chairman and Chairman of the Board    |  | 1977          |  | 2012               
|Ben A. Frydman       |  | 65  |  | Director                                        |  | 1988          |  | 2012               

Class I Directors

Robert S. Throop has served as a director of the Company since 1995. Until his retirement in late 1996, and for more than the prior five years, Mr. Throop was the Chairman and Chief
Executive Officer of Anthem Electronics, Inc., which is a national distributor of semiconductor and computer products and was, during Mr. Throops tenure as its Chairman and CEO, a New York Stock Exchange listed company. Mr. Throop
served as a director of the Manitowoc Company, a publicly traded company that is a leading manufacturer of industrial cranes, until he retired from its board in 2007. Mr. Throop also is a director of Azerity, which is a privately owned
business. Having been the CEO of a publicly owned national distribution company for many years, Mr. Throop brings to the Board a wealth of knowledge regarding the management and operations of and the risks faced by national product distribution
companies, like the Company.

Leonard P. Danna has served as a director of the Company and Chairman of the Audit
Committee of the Board of Directors since November 2003. Mr. Danna is, and since April 1999 has been, an audit partner with the accounting firm of Vavrinek, Trine Day & Co., LLP. From August 1985 to April 1999, Mr. Danna
was an audit partner with Grant Thornton LLP. As a result of his accounting experience, Mr. Danna is familiar with financial reporting requirements applicable to and the financial issues faced by publicly traded companies, making him an
effective and valuable member of Audit Committee, of which he is the Chairman.

Class II Directors

John W. Casey has served as a director of the Company since August 1998. Mr. Casey is retired and is a private investor.
He also serves as a trustee of the Deschutes Land Trust. From 1980 and until his retirement in 1994, Mr. Casey was President and Chief Executive Officer of Shurflo Pump Mfg. Company (Shurflo), which is engaged in the manufacture and
sale of pumps used in pumping and circulating water or other liquids in a variety of products and equipment, including in recreational vehicles (RVs) and soft drink dispensing machines. Having been the CEO of Shurflo, which is a supplier
of products to RV manufacturers and distributors, Mr. Casey brings to the Board considerable knowledge regarding the RV market generally and also the perspective of an aftermarket product manufacturer and supplier to the RV industry, which is
valuable to the Board and management due to the Companys reliance on such manufacturers and suppliers for the products it sells.



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James Musbach is, and since April 2008 has been, the Chief Executive Officer of the
Company. From September 2006 until his promotion to CEO in 2008, Mr. Musbach was the Companys President and Chief Operating Officer and since November 2007 has been a member of the Board of Directors. From 1995 until 2004,
Mr. Musbach was Executive Vice President of Raytek Corporation, a manufacturer of infrared non-contact temperature measurement tools, sensors and systems. While at Raytek, Mr. Musbach also served as General Manager of Rayteks
Portable Products Division and, in that capacity, directed that Divisions global operations. Prior to joining Raytek, Mr. Musbach held various executive positions, including Executive Vice President and General Manager and Vice President
of Sales and Marketing, with Import Parts America, a North American distributor of automotive aftermarket parts and accessories with relationships in Asia and Europe. As a result, Mr. Musbach has extensive experience and knowledge about
managing and growing businesses, managing foreign business relationships and developing and implementing product marketing and distribution programs. Such knowledge and experience already have been and will continue to be of considerable importance
to the Company in implementing and expanding its proprietary products strategy and its initiative to sell products not only into the RV and boating markets, but also into other markets, such as the outdoor power equipment market.

Class III Directors

Thomas R. McGuire is a founder of the Company and has been the Chairman of the Board of the Company since its inception in 1977.
Mr. McGuire also served as the Companys Chief Executive Officer from 1977 until April 2008, when he relinquished that position upon Mr. Musbachs promotion to CEO. Mr. McGuire retains the position of Executive Chairman of
the Company and continues as Chairman of the Board of Directors. Having been the Companys founder and its CEO for more than 25 years, and having been the principal architect of its growth strategies, Mr. McGuire brings a wealth of
knowledge to the Board regarding the Companys operations, markets and growth strategies, and the business risks that the Company faces, including the strategies for dealing with the cyclical nature of the Companys business.

Ben A. Frydman has served as a director of the Company since 1988. Mr. Frydman is, and for more than the past thirty years
has been, engaged in the private practice of law, as a member and shareholder of Stradling Yocca Carlson & Rauth, a Professional Corporation, which provided legal services to the Company in 2011 and is providing legal services to the
Company in 2012. Mr. Frydman received a Bachelors Degree, with honors, from UCLA in 1968 and graduated with honors with a J.D. Degree from Harvard Law School in 1973. Mr. Frydman has been the Companys outside counsel since 1983
and, in that capacity, has been an advisor to management and the Board in connection with virtually all of the Companys major corporate transactions and acquisitions and the implementation of its growth strategies. As a result, he has a keen
knowledge of the Companys business and the management of business risks that the Company encounters in connection with its operations and growth strategies.

Executive Officers of Registrant

Information regarding the Executive
Officers of the Registrant is set forth in Part I of this Report.

Family Relationships

There are no family relationships among any of the directors or executive officers of the Company.



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THE BOARD OF DIRECTORS

Role of the Board of Directors. In accordance with Delaware law and our Bylaws, the Board of Directors oversees the management of
the business and affairs of the Company. The members of the Board keep informed about our business through discussions with management of the Company, by reviewing analyses and reports sent to them by management and outside consultants, and by
participating in Board and Board committee meetings.

Our Board members are encouraged to prepare for and to attend all
meetings of the Board and the Board committees of which they are members and all stockholder meetings. During the fiscal year ended December 31, 2011, the Board of Directors of the Company held a total of four meetings and all of the directors
attended at least 80% of the total of those meetings and the meetings of the Board committees on which they served during 2011. All of our directors, with the exception of Mr. Danna, also attended the 2011 Annual Meeting of Stockholders.

Role of the Board in Risk Management

The Boards responsibilities in overseeing the Companys management and business include oversight of the Companys key risks and managements processes and controls. Management, in
turn, is responsible for the day-to-day management of risk and implementation of appropriate risk management controls and procedures. In meeting these responsibilities, at its meetings the Board members discuss with management the principal risks
facing the Company and its financial condition and the performance and actions that have taken, and the processes that have been implemented, by management to address and mitigate those risks to the extent practicable. Management also conducts
quarterly evaluations of the effectiveness of the Companys disclosure controls and annual evaluations of the effectiveness of the Companys internal control over its financial reporting under the oversight of the Audit Committee.

Director Independence and Diversity

Coasts corporate governance guidelines require that the Board be comprised of at least a majority of independent directors. For a director to be considered independent, the Board must affirmatively
determine that he does not have any direct or indirect material relationships with Coast that, in the opinion of the Board, would interfere with the exercise of that directors independent judgment in carrying out his responsibilities as a
director.

A director will not be deemed to be an independent director if, within the preceding three years:



| |  |  | The director was employed by Coast;
| | - |  | -----------------------------------



| |  |  | An immediate family member of the director was employed as an executive officer of Coast;
| | - |  | -----------------------------------------------------------------------------------------



| |  |  | The director was employed by or affiliated with, or an immediate family member of the director was employed in a professional capacity by or affiliated
with, Coasts independent registered public accounting firm;
| | - |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | A present Coast executive officer was on the compensation committee of the board of directors of another company that concurrently employed a Coast
director, or an immediate family member of a Coast director, as an executive officer;
| | - |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | The director, or an immediate family member of the director, received more than $60,000 in direct compensation from Coast during any 12 month period
within the preceding three years, other than director and committee fees and any deferred compensation for prior service (provided such deferred compensation is not contingent in any way on continued service with the Company); or
| | - |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | The director, or an immediate family member of the director, is a partner, executive officer, or controlling stockholder of another company or
professional entity (including any law firm or investment banking firm) to which Coast made, or from which Coast received, payments for property or services in the current or any of the past three fiscal years that exceeded the greater of
(i) 5% of consolidated gross revenues of that other company or professional entity for that year, or (ii) $200,000.
| | - |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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On the basis of the above criteria, the Board has determined that four of the Companys
six directors are independent, including Mr. Frydman. Since Messrs. McGuire and Musbach are executive officers of the Company, they are not deemed to be independent directors. In determining that Mr. Frydman is independent, the other
independent directors considered the fact that Mr. Frydman is a stockholder in the law firm of Stradling Yocca Carlson & Rauth, which provided legal services to Coast during the past three years and is providing legal services to Coast
in 2012. However, on the basis of the criteria set forth above and their evaluation of Mr. Frydmans past performance as a director, the other independent directors determined that his relationship did not interfere with the exercise of
his independent judgment in carrying out his responsibilities as a director of the Company.

The respective members of the
Board of Directors and its Nominating and Governance Committee believe that differences in experience, knowledge, skills and viewpoints enhance the Board of Directors performance. Accordingly, the Nominating Committee considers such diversity
in selecting, evaluating and recommending, and the Board considers diversity in approving, proposed Board nominees. However, the Board of Directors has not implemented a formal policy with respect to the consideration of diversity for the
composition of the Board of Directors.

Board Leadership Structure

The Board does not have a formal policy with respect to whether the roles of Chief Executive Officer and Chairman of the Board should be
separate and, if they are to be separate, whether the Chairman of the Board should be selected from among the non-employee directors or management. The Board believes that it should be free to make a choice from time to time in any manner that it
concludes is in the best interests of the Company and its stockholders. Although Mr. McGuire is an executive officer, the Board chose to appoint him as the Chairman because, as the Companys largest stockholder, he has a keen understanding
and shares the financial interests of the Companys other stockholders.

Committees of the Board of Directors

The Board has three standing committees: an Audit Committee, a Compensation Committee and a Nominating and Governance Committee.
Information regarding the members of each of those Committees and their responsibilities and the number of meetings held by those Committees in 2011 is set forth below.

Audit Committee and Financial Experts. The members of the Audit Committee are Leonard P. Danna, its Chairman, and Robert S. Throop and John W. Casey. The Board of Directors has determined that all
of the members of the Audit Committee are independent within the meaning of the AMEX listed company rules and the enhanced independence requirements for audit committee members contained in Rule 10A-3 under the Securities Exchange Act of 1934,
as amended (the Exchange Act). Our Board also has determined that each of Messrs. Danna and Throop meets the definition of audit committee financial expert adopted by the SEC. The Audit Committee has a written charter that
specifies its responsibilities, which include oversight of the financial reporting process and system of internal accounting controls of the Company, and appointment and oversight of the independent registered public accounting firm engaged to audit
the Companys financial statements. Interested stockholders can view a copy of that charter in the investor relations section of our website at www.coastdistribution.com. To ensure independence, the Audit Committee meets separately with
our outside auditors and members of management, respectively. The Audit Committee held a total of four meetings in 2011.

Compensation Committee. The members of the Compensation Committee are John W. Casey, who serves as the Committees Chairman,
Robert S. Throop and Leonard P. Danna, each of whom is independent (as defined in the AMEX listed company rules). The Compensation Committee (i) sets the salaries of the Companys executive officers; (ii) adopts non-equity incentive
compensation and other non-equity benefit plans for our executive officers and sets the performance targets and determines the incentive compensation awards that may be earned under those plans; and (iii) oversees the administration of, and
makes determinations with respect to the granting and terms of stock options and restricted shares granted under, the Companys equity incentive plans. The Compensation Committee operates under a charter that sets forth the role and
responsibilities of the Committee. Interested stockholders can view a copy of that charter in the investor relations section of our website at www.coastdistribution.com. The Compensation Committee held one meeting in 2011.

Mr. McGuire sometimes participates in meetings of the Compensation Committee to provide the Committee with information with respect
to the performance of the Companys CEO that is relevant to the Committees decisions with respect to the CEOs compensation. The Committee also obtains information from Mr. Musbach as to the performance of the Companys
other executive officers who report to him.



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Nominating and Governance Committee. The members of the Nominating and Governance
Committee are Robert S. Throop, its Chairman, Ben A. Frydman and John W. Casey, each of whom is independent within the meaning of the AMEX Listing Rules. This Committee has a written charter that sets forth its responsibilities, which include
identifying and recommending nominees for election to the Board; making recommendations to the Board regarding the directors to be appointed to each of its standing Committees; developing and recommending corporate governance guidelines for adoption
by the Board of Directors; and overseeing the annual self-assessments by the Companys Directors of the performance of the Board of Directors and its Committees. A copy of the Committees charter may be viewed in the investor relations
section of our website at www.coastdistribution.com. The Committee held two meetings in 2011.

CORPORATE GOVERNANCE

Corporate Governance Guidelines

Our Directors believe that sound governance policies and practices provide an important framework to assist them in fulfilling their duties to the Companys stockholders. Our Board of Directors has
adopted the following governance guidelines, which include a number of policies and practices under which our Board has operated for some time, together with concepts suggested by various authorities in corporate governance and the requirements
under the AMEX listed company rules and the Sarbanes-Oxley Act of 2002. Some of the principal subjects covered by those guidelines include:



| |  |  | Director Qualifications. Candidates for election to the Board will be evaluated on the basis of their integrity, independence and freedom from
conflicts of interest; their experience and expertise; their ability to make independent analytical inquiries; their understanding of our business and the business environment in which we operate; and their ability and willingness to devote adequate
time and effort to Board responsibilities.
| | - |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Independence and Responsibilities of Directors. A majority of the Directors, but in no event less than three directors, will be independent
directors (as defined in the AMEX listed company rules). Additionally, Directors are expected to act in the best interests of all stockholders; develop and maintain a sound understanding of our business and the industry in which we operate; prepare
for and attend Board and Board committee meetings; and provide active, objective and constructive participation at those meetings.
| | - |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Director Access to Management. Directors are to be permitted access to members of management and members of management are to provide Board
presentations regarding the functional areas of our business for which they are responsible.
| | - |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Adequate Funding for the Board and its Committees. The Company will provide the funding necessary to enable the Board and each of its committees
to retain independent advisors as the Board, or such committees acting independently of the Board, deem to be necessary or appropriate.
| | - |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Director Participation in Continuing Education Programs. New directors will participate in programs designed to familiarize them with our
business, strategic plans, significant financial, accounting and risk management issues, compliance programs, conflicts policies, code of business conduct and corporate governance guidelines. In addition, each incumbent director is expected to
participate in continuing education programs relating to developments in the Companys business and to corporate governance.
| | - |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Annual Performance Evaluations. The Board and each Board committee will conduct an annual self-assessment of its performance.
| | - |  | -----------------------------------------------------------------------------------------------------------------------------



| |  |  | Executive Sessions Without Management. The independent directors of the Board will hold separate sessions, outside the presence of management,
to consider and evaluate the performance of the Company and its management and such other matters as they deem appropriate. In addition, the Audit Committee shall meet separately with the Companys outside auditors.
| | - |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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Code of Business Conduct

We have adopted a Code of Business Conduct for our officers and employees that has been approved by the Board of Directors. The Code sets forth specific ethical policies and principles that apply to our
Chief Executive Officer, Executive Chairman, Chief Financial Officer and other key accounting and financial personnel. A copy of our Code of Business Conduct is posted in the investor relations section of our website at
www.coastdistribution.com. We also intend to disclose, on that website, any amendments to our Code of Business Conduct and any waivers of its requirements that may be granted to our Chief Executive Officer, Executive Chairman or Chief
Financial Officer. To date, no such waivers have been granted.

Communications with the Board

Stockholders and other parties interested in communicating with the non-management directors as a group may do so by writing to the
Corporate Secretary, The Coast Distribution System, Inc., 350 Woodview Avenue, Suite 100, Morgan Hill, California 95037. The Corporate Secretary will review and forward to the appropriate member or members of the Board copies of all such
correspondence that, in the opinion of the Corporate Secretary, deals with the functions of the Board or its committees or that she otherwise determines requires their attention. Questions relating to accounting, internal controls or auditing
matters will be brought promptly to the attention of the Chairman of the Audit Committee and will be handled in accordance with procedures established by that Committee.

The Audit Committee also has established a financial integrity hotline (i) for Company employees and others to be able to communicate, anonymously, to the Audit Committee any questions or
concerns they may have regarding accounting or auditing matters and (ii) for the receipt, retention and treatment of those communications and any complaints received with respect to such matters.

Nomination of Directors

In identifying candidates for membership on the Board, the Nominating and Governance Committee will seek recommendations from existing
Board members and executive officers. In addition, that Committee will consider any candidates that may be recommended by any of the Companys stockholders who make those recommendations in accordance with the procedures described below. The
Committee also has the authority to engage an executive search firm and other advisors, as it deems appropriate, to assist it in identifying qualified Board candidates. In assessing and selecting new candidates for Board membership, the members of
the Nominating and Governance Committee will consider such factors, among others, as the candidates integrity and independence and freedom from conflicts of interest and experience and expertise, as demonstrated by past employment and board
experience, and will conduct background inquiries of and interviews with those candidates. The Committee members will consider a number of factors in making their selection of a nominee from among those candidates, including, among others: whether
the candidate has the ability, willingness and enthusiasm to devote the time and effort required of members of the Board; the candidates independence, including whether the candidate has any conflicts of interest or commitments that would
interfere with the candidates ability to fulfill the responsibilities of a director; whether the candidates skills and experience would add to the overall competencies of the Board; and whether the candidate has any special background or
experience relevant to the Companys business.

Stockholder Recommendation of Board Candidates. Any stockholder
desiring to submit a recommendation for consideration by the Nominating and Governance Committee of a candidate whom the stockholder believes is qualified to be a nominee for election to the Board at any annual stockholders meeting may do so
by submitting that recommendation in writing to the Committee not later than 120 days prior to the first anniversary of the date on which the proxy materials for the prior years annual meeting were first sent to stockholders. However, if
the date of the upcoming annual stockholders meeting has been changed by more than 30 days from the anniversary date of the prior years annual meeting, the recommendation must be received within a reasonable time before the Company
begins to print and mail its proxy materials for that upcoming annual meeting. In addition, the recommendation should be accompanied by the following information: (i) the name and address of the nominating stockholder and the person that the
nominating stockholder is recommending for consideration as a candidate for Board membership; (ii) the number of shares of voting stock of the Company that are owned by the nominating stockholder, his or her recommended candidate and any other
stockholders known by the nominating stockholder to be supporting the nomination of that candidate; (iii) a description of any arrangements or understandings that relate to the election of directors of the Company, between the



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nominating stockholder, or any person that (directly or indirectly through one or more intermediaries) controls, or is controlled by, or is under common control with, such stockholder, on the one
hand, and the person that the nominating stockholder is recommending for election to the Board or any other person or persons (naming each such person), on the other hand; (iv) such other information regarding the recommended candidate as would
be required to be included in a proxy statement prepared in accordance with and filed pursuant to the SECs proxy rules; and (v) the written consent of the recommended candidate to be named as a nominee and, if nominated and elected, to
serve as a director.

Stockholder Nominations. Our Bylaws provide that any stockholder also may nominate, at any annual
meeting of stockholders, one or more candidates for election to the Board of Directors, by giving the Company written notice (addressed to the Secretary of the Company at the Companys principal offices) of such stockholders intention to
do so not later than 120 days prior to the first anniversary of the date on which the proxy materials for the prior years annual meeting were first sent to stockholders. Such notice must be accompanied by the same information, described in the
immediately preceding paragraph, regarding such candidate or candidates to be nominated for election to the Board and the nominating stockholder and the written consent of each such candidate to be named as a nominee and, if nominated and elected,
to serve as a director. Any stockholder nomination at any annual meeting that does not comply with these Bylaw requirements will be ineffective and disregarded.

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Exchange Act requires each of our directors and executive officers, and the one person who, to our knowledge,
owns more than 10% of our common stock (a 10% Stockholder), to file reports with the SEC containing information regarding their ownership and changes in their ownership of our shares of common stock and of options to purchase shares of
our common stock and to furnish us with copies of those reports.

Based solely on a review of the copies of those reports that
were filed respectively by our executive officers, directors, and the 10% Stockholder pursuant to Section 16(a) of the Exchange Act, to our knowledge all of our executive officers and directors, and that 10% Stockholder, complied with all
Section 16(a) filing requirements applicable to their transactions in the Companys securities in 2011.



7



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##### Table of Contents

|ITEM 11. | EXECUTIVE COMPENSATION
|-------- | ----------------------

Summary Compensation Table

The following table sets forth the compensation received in the years ended
December 31, 2011 and 2010 by the Companys Chief Executive Officer, and the next two highest paid executive officers whose aggregate cash compensation for services rendered to the Company in all capacities in 2011 exceeded $100,000
(collectively, the NEOs or Named Executive Officers):



|                                    |  |      |      |  |        |   |         |                                   |  |   |                                    |  |  |                          |   |  |       |   |       |  |  |   |         | 
|----------------------------------- |  | ---- | ---- |  | ------ | - | ------- | --------------------------------- |  | - | ---------------------------------- |  |  | ------------------------ | - |  | ----- | - | ----- |  |  | - | ------- | 
|Name and Principal Position         |  | Year |      |  | Salary |   |         | Equity Incentive PlanAwards($)(4) |  |   | Non-EquityIncentiveCompensation(5) |  |  | All OtherCompensation(6) |   |  | Total |  
|James Musbach(1)                    |  |      | 2011 |  |        | $ | 237,500 |                                   |  | $ | 208,689                            |  |  | $                        |  |  |       | $ | 5,980 |  |  | $ | 452,169 | 
|President & Chief Executive Officer |  |      | 2010 |  |        |   | 231,250 |                                   |  |   | 68,615                             |  |  | $                        |  |  |       |   | 5,980 |  |  |   | 385,765 | 
|                                    |  |      |      |  |        |  
|Thomas R. McGuire(2)                |  |      | 2011 |  |        | $ | 237,500 |                                   |  | $ | 51,835                             |  |  |                          |   |  |       | $ | 5,980 |  |  | $ | 295,315 | 
|Executive Chairman                  |  |      | 2010 |  |        |   | 231,250 |                                   |  |   | 24,750                             |  |  | $                        |  |  |       |   | 5,980 |  |  |   | 290,120 | 
|                                    |  |      |      |  |        |  
|Sandra A. Knell(3)                  |  |      | 2011 |  |        | $ | 195,700 |                                   |  | $ | 38,646                             |  |  |                          |   |  |       | $ |      |  |  | $ | 234,346 | 
|EVP and Chief Financial Officer     |  |      | 2010 |  |        |   | 190,550 |                                   |  |   | 16,890                             |  |  | $                        |  |  |       |   |      |  |  |   | 224,325 | 



|(1) | Effective February 1, 2009, Mr. Musbach voluntarily reduced his annual base salary by 10%, from $250,000 to $225,000, in conjunction with salary and wage
reductions implemented by the Company in response to the economic recession. In July 2010, salaries and wages were increased by 5% for all Company employees, including Mr. Musbach. As a result, Mr. Musbachs annual base salary for
2011, which included that increase for the entire year, was $237,500. In 2010, Mr. Musbachs annual base salary included that 5% increase for only the last six months of that year. See Narrative to Summary Compensation Table
below.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(2) | Effective June 1, 2008, Mr. McGuire voluntarily reduced his annual base salary by $50,000 to $310,000 and effective December 1, 2008, he voluntarily
reduced his annual base salary further, by $60,000, to $250,000 as his contributions to Company cost reduction programs. Like the other Named Executive Officers, Mr. McGuire also voluntarily reduced his annual base salary by another 10%,
effective as of February 1, 2009. In July 2010, salaries and wages were increased by 5% for all Company employees, including Mr. McGuire. As a result, Mr. McGuires annual base salary for 2011, which included that increase for
the entire year, was $237,500. In 2010, Mr. McGuires annual base salary included that 5% increase for only the last six months of that year. See Narrative to Summary Compensation Table below.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(3) | Like the other NEOs, Ms. Knell voluntarily reduced her annual base salary by 10%, effective as of February 1, 2009, to $185,000. In July 2010, salaries and
wages were increased by 5% for all Company employees, including Ms. Knell. As a result, Ms. Knells annual base salary for 2011, which included that increase for the entire year, was $195,700. In 2010, Ms. Knells annual
base salary included that 5% increase for only the last six months of that year. See Narrative to Summary Compensation Table below.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(4) | Amounts in this column represent the grant date fair values, calculated in accordance with FASB ASC 718, of equity incentive awards granted to each of the NEOs in
2011 and 2010. The fair values of options were estimated using a binomial option valuation model which incorporates certain assumptions relating to a risk-free market interest rate, expected dividend yield of the Companys common stock,
expected option life and expected volatility in the market value of our common stock. For a complete description of the valuation methodology and the assumptions used in the estimation, please refer to Note E, STOCK INCENTIVE PLANS,
to the Companys consolidated financial statements included in Item 8 of this Annual Report on Form 10-K below.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(5) | None of the NEOs received any cash or other non-equity incentive compensation awards for 2011 or 2010. See Narrative to Summary Compensation Table below.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------



|(6) | The other compensation received by Messrs. Musbach and McGuire in 2011 and 2010 consisted solely of automobile allowances to reimburse them for the expenses they
incurred in using their personal automobiles on Company business.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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##### Table of Contents

Narrative to Summary Compensation Table

Annual Base Salaries

Mr. Musbach served as the Companys President and Chief Operating Officer until April 2008, when he was promoted to Chief Executive Officer. Although the Compensation Committee approved an
increase in Mr. Musbachs annual base salary from $250,000 to $300,000 in conjunction with that promotion, he declined to accept that increase as his contribution to a cost reduction program adopted by the Board in response to the economic
recession and credit crisis. As a result, Mr. Musbachs annual base salary in 2008 was $250,000. Then, effective February 1, 2009, Mr. Musbach reduced his annual base salary by 10%, to $225,000, as part of a number of
cost-cutting measures being implemented by the Company in that year. Effective July 1, 2010, all salaries and wages of the Companys employees, including Mr. Musbachs salary, which had been reduced by 10% in 2009, were increased
by 5%. As a result, Mr. Musbachs annual base salary for 2010 included that 5% salary increase for six months of that year and his annual base salary for 2011, of $237,500, reflects a full year of that increase.

In 2008, Mr. McGuires annual base salary was $360,000. However, as his contribution to the Companys cost reduction
programs, Mr. McGuire voluntarily reduced his annual base salary on two occasions in 2008: (i) a $50,000 reduction, effective June 1, 2008, bringing his annual base salary from $360,000 to $310,000 and (ii) an additional $60,000
reduction, effective December 1, 2008, bringing his annual base salary from $310,000 to $250,000, which was 30% lower than the amount of his annual base salary at the beginning of 2008. Then, effective February 1, 2009, Mr. McGuire
reduced his then annual base salary by an additional 10%, to $225,000, as part of a number of cost-cutting measures being implemented by the Company in that year. Effective July 1, 2010, all salaries and wages of the Companys employees,
including Mr. McGuires salary, which had been reduced by 10% in 2009, were increased by 5%. As a result, Mr. McGuires annual base salary for 2010 included that 5% salary increase for six months of that year and his annual base
salary for 2011, of $237,500, reflects a full year of that increase.

Effective September 1, 2008, the Compensation
Committee approved a 3% increase in Ms. Knells annual base salary to $206,000 in order (i) to make her annual base salary more competitive with salaries paid to chief financial officers of California based companies of similar size
and capitalization, and (ii) to recognize and reward Ms. Knell for her past service and individual performance as the Companys Chief Financial Officer. However, Ms. Knell, like the other NEOs, agreed to reduce her annual base
salary by 10%, effective February 1, 2009 as part of a number of cost-cutting measures being implemented by the Company in that year. Effective July 1, 2010, all salaries and wages of the Companys employees, including
Ms. Knells salary, which had been reduced by 10% in 2009, were increased by 5%. As a result, Ms. Knell annual base salary for 2010 included that 5% salary increase for six months of that year and her annual base salary for 2011, of
$195,700, reflects a full year of that increase.

Non-Equity and Equity Incentive Compensation

Equity Incentive Compensation. With the approval of our stockholders, we adopted an equity incentive plan in 2008 (the 2008
Equity Incentive Plan). That Plan set aside shares of our common stock for future grants of equity awards which, to date, have consisted of stock options and restricted stock awards. Those awards are intended to create incentives, in the form
of financial rewards, to NEOs and other management employees for performance that leads to increases in our stock price, so as to better align the financial interests of our NEOs and other key management employees with those of our stockholders.

Additionally, such awards ordinarily require that recipients of the awards remain in the Companys employ over vesting
periods that, in most cases, range from three-to-five years, in order to earn those awards. Generally, if an executives employment with the Company is terminated (whether by the executive or the Company) prior to the expiration of the
multi-year vesting period, the unvested portion of the equity award is forfeited. As a result, such awards also provide an incentive for executives to focus their efforts on the Companys achievement of longer term financial results and to
remain in the Companys employ over a multi-year period.



9



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##### Table of Contents

The Compensation Committee oversees the administration of the 2008 Equity Incentive Plan
and, in that capacity, determines (i) the executive officers and other management employees who will be granted equity incentive awards under that Plan, (ii) the number of shares that Plan participants may receive pursuant to such awards,
and (iii) the nature and terms of, and the vesting conditions that will apply to, such awards. Generally, the Compensation Committee grants equity incentive awards to our NEOs and other key management employees on the commencement of their
employment with the Company, and annually thereafter, at a pre-scheduled Compensation Committee meeting usually held during the first quarter of each year.

The 2008 Equity Incentive Plan provides that all unvested equity incentive awards, whether held by our NEOs or other employees, will become vested on a change of control of the Company, unless the party
acquiring control of the Company agrees to assume or to substitute comparable equity incentives for the outstanding equity incentive awards on terms approved by the Compensation Committee.

Cash Incentive Plan. The Compensation Committee usually adopts a cash incentive or bonus plan each year to provide our executive
officers and other key management employees with the opportunity to earn cash incentive awards or bonuses based on the Companys financial performance for the year. The primary purposes of these annual cash bonus plans are (i) to provide
meaningful incentives in the form of financial awards to our executive officers and other key management employees for making significant contributions to the Companys achievement of one or more annual financial goals, and (ii) to make
all or at least significant portion of the compensation of each NEO and other plan participant, in excess of his or her annual base salary, dependent on the Companys financial performance and, thereby, promote the interests of the Company and
its stockholders. The payment of cash bonuses under each years plan is conditioned on the Company achieving a threshold financial performance goal that is established by the Compensation Committee for the year for which the plan is
adopted. If that goal is met or exceeded, the amounts of the bonus awards that would become payable to our NEOs will depend on whether the Company achieved or exceeded the threshold financial performance goal and, if the Company exceeded that goal,
the amount by which that goal was exceeded. In 2011, the amounts of the potential bonus awards that NEOs could have earned under the 2011 plan ranged from 10% of their respective annual base salaries if the threshold financial performance goal had
been achieved, but not exceeded; and, if that goal was exceeded, up to a maximum of 55% of their respective annual base salaries, depending on the amount by which the threshold financial goal had been exceeded. However, no cash bonus awards were
earned or paid to any of the NEOs under the 2011 bonus plan, because the Company did not achieve the 2011 threshold financial performance goal under the plan.



10



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##### Table of Contents

Outstanding Equity Awards at Fiscal Year-End

The following table sets forth information regarding unexercised options and unvested restricted stock awards that have been granted to
our NEOs and were outstanding as of December 31, 2011.



|                  |  |                                                      |         |  |                                                         |  |        |                           |  |  |                    |     |  |            |      |  |               |  |         |                                          |  |  |         |  |  |  |        |     |  |   |         | 
|----------------- |  | ---------------------------------------------------- | ------- |  | ------------------------------------------------------- |  | ------ | ------------------------- |  |  | ------------------ | --- |  | ---------- | ---- |  | ------------- |  | ------- | ---------------------------------------- |  |  | ------- |  |  |  | ------ | --- |  | - | ------- | 
|                  |  | Stock Option Awards Outstanding at December 31, 2011 |         |  | Restricted Share AwardsOutstanding at December 31, 2011 | 
|Names             |  | GrantDates                                           |         |  | Number of Shares 
underlyingUnexercised Stock Options   |  |        | OptionExercisePrice($)(1) |  |  | ExpirationDates(2) |     |  | GrantDates |      |  | Not
YetVested |  |         | Market Valueof
SharesNot YetVested($)(3) | 
|                  |  | Exercisable                                          |         |  | Not YetExercisable                                      |  |        |                           |  |  |                   
|James Musbach     |  |                                                      | 3/08/07 |  |                                                         |  | 15,000 |                           |  |  |                   |     |  | $          | 8.33 |  |               |  | 3/08/12 | (4)                                      |  |  |         |  |  |  |        |     |  |   |         | 
|                  |  |                                                      | 3/06/08 |  |                                                         |  | 20,000 |                           |  |  |                   |     |  | $          | 5.20 |  |               |  | 3/06/13 |                                          |  |  |         |  |  |  |        |     |  |   |         | 
|                  |  |                                                      | 1/27/09 |  |                                                         |  | 66,667 |                           |  |  | 33,333             | (5) |  | $          | 1.22 |  |               |  | 1/27/14 |                                          |  |  |         |  |  |  |        |     |  |   |         | 
|                  |  |                                                      |         |  |                                                         |  |        |                           |  |  |                    |     |  |            |      |  |               |  |         |                                          |  |  | 3/09/10 |  |  |  | 47,334 | (7) |  | $ | 106,500 | 
|                  |  |                                                      |         |  |                                                         |  |        |                           |  |  |                    |     |  |            |      |  |               |  |         |                                          |  |  | 3/15/11 |  |  |  | 28,000 | (8) |  | $ | 63,000  | 
|Thomas R. McGuire |  |                                                      | 3/06/08 |  |                                                         |  | 20,000 |                           |  |  |                   |     |  | $          | 5.20 |  |               |  | 3/06/13 |                                          |  |  |         |  |  |  |        |     |  |   |         | 
|                  |  |                                                      | 3/26/09 |  |                                                         |  | 13,334 |                           |  |  | 3,666              | (6) |  | $          | 0.90 |  |               |  | 3/26/14 |                                          |  |  |         |  |  |  |        |     |  |   |         | 
|                  |  |                                                      |         |  |                                                         |  |        |                           |  |  |                    |     |  |            |      |  |               |  |         |                                          |  |  | 3/09/10 |  |  |  | 16,667 | (7) |  | $ | 37,500  | 
|                  |  |                                                      |         |  |                                                         |  |        |                           |  |  |                    |     |  |            |      |  |               |  |         |                                          |  |  | 3/15/11 |  |  |  | 14,000 | (8) |  | $ | 31,500  | 
|Sandra A. Knell   |  |                                                      | 1/08/04 |  |                                                         |  | 5,000  |                           |  |  |                   |     |  | $          | 6.10 |  |               |  | 1/08/14 |                                          |  |  |         |  |  |  |        |     |  |   |         | 
|                  |  |                                                      | 2/17/05 |  |                                                         |  | 5,000  |                           |  |  |                   |     |  | $          | 7.29 |  |               |  | 2/17/15 |                                          |  |  |         |  |  |  |        |     |  |   |         | 
|                  |  |                                                      | 2/28/06 |  |                                                         |  | 10,000 |                           |  |  |                   |     |  | $          | 7.25 |  |               |  | 2/28/16 |                                          |  |  |         |  |  |  |        |     |  |   |         | 
|                  |  |                                                      | 3/08/07 |  |                                                         |  | 15,000 |                           |  |  |                   |     |  | $          | 8.33 |  |               |  | 3/08/12 | (4)                                      |  |  |         |  |  |  |        |     |  |   |         | 
|                  |  |                                                      | 3/06/08 |  |                                                         |  | 10,000 |                           |  |  |                   |     |  | $          | 5.20 |  |               |  | 3/06/13 |                                          |  |  |         |  |  |  |        |     |  |   |         | 
|                  |  |                                                      | 3/26/09 |  |                                                         |  | 6,667  |                           |  |  | 3,333              | (6) |  | $          | 0.90 |  |               |  | 3/26/14 |                                          |  |  |         |  |  |  |        |     |  |   |         | 
|                  |  |                                                      |         |  |                                                         |  |        |                           |  |  |                    |     |  |            |      |  |               |  |         |                                          |  |  | 3/09/10 |  |  |  | 10,000 | (7) |  | $ | 22,500  | 
|                  |  |                                                      |         |  |                                                         |  |        |                           |  |  |                    |     |  |            |      |  |               |  |         |                                          |  |  | 3/15/11 |  |  |  | 14,000 | (8) |  | $ | 31,500  | 



|(1) | Each option grant was made at an exercise price equal to 100% of the closing price per share of our common stock on the date of grant as reported by the American Stock
Exchange.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(2) | The expiration dates of the option awards range from five to ten years from their respective dates of grant, subject to earlier termination on cessation of the
NEOs service with the Company.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(3) | The market value of restricted share awards that had not yet vested as of December 31, 2011 was determined by multiplying the number of shares subject to each
award by $2.25, which was the closing price, as reported by the American Stock Exchange, of the Companys common stock on the last trading day of 2011, which was December 30, 2011.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(4) | These options expired on March 8, 2012.
|--- | ---------------------------------------



|(5) | These options became exercisable on January 27, 2012.
|--- | -----------------------------------------------------



|(6) | These options became exercisable on March 26, 2012.
|--- | ---------------------------------------------------



|(7) | Each of these restricted share awards vests, subject to the continued employment of the NEO, in three annual installments, each with respect to 33.3% of the restricted
shares, commencing on the first anniversary of the date of grant.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(8) | These restricted shares vest, subject to the continued employment of the NEO, in two annual installments, each with respect to 50% of the restricted shares, commencing
on the third anniversary of the date of grant.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



11



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##### Table of Contents

Restricted Shares Vested and Options Exercised in 2011

Restricted Shares. The following table sets forth the number of each NEOs restricted shares that became vested in 2011 and
the respective market values of those shares determined as of December 31, 2011:



|                  |  |                                 |        |  |                                     |   |         | 
|----------------- |  | ------------------------------- | ------ |  | ----------------------------------- | - | ------- | 
|Names             |  | Restricted SharesVested in 2011 |        |  | Market Value atDecember 31, 2011(1) |  
|James Musbach     |  |                                 | 23,666 |  |                                     | $ | 111,230 | 
|Thomas R. McGuire |  |                                 | 8,333  |  |                                     | $ | 39,165  | 
|Sandra A. Knell   |  |                                 | 5,000  |  |                                     | $ | 23,500  | 



|(1) | The market value of each NEOs vested shares was determined by multiplying the number of his or her vested shares by the closing price, as reported by the American
Stock Exchange, of the Companys common stock on the date of vesting.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Stock Options. None of the
NEOs exercised any stock options in 2011.

Pension Benefits

We have not established any pension arrangements and we do not provide any post-retirement health coverage for our NEOs or other
employees. Our NEOs, as well as all other full time employees, are eligible to participate in our 401(K) defined contribution plan on a non-discriminatory basis. The Company did not make any matching contributions to the 401(K) plan for 2011.

Nonqualified Deferred Compensation Plans

We have not established any nonqualified deferred compensation programs for our NEOs or any other employees.

CEO Employment Agreement and Potential Severance and Change of Control Payments

In July 2011, the Company entered into an employment agreement with its President and Chief Executive Officer, James Musbach (the
Employment Agreement). That Agreement is for a term ending on December 31, 2012 and provides for payment to him of an annual base salary of $237,500 per year. The Agreement entitles him to participate in employee benefit programs
that are generally made available to other full time employees and in cash incentive or bonus and stock incentive plans in which other executive officers are eligible to participate. The Agreement provides that if Mr. Musbachs employment
is terminated by the Company without cause he would receive a lump sum severance payment of not more than one years salary and his unpaid employee benefits through the effective date of such termination. The Agreement also provides that if
there is a change of control of the Company and within the succeeding 12 months Mr. Musbachs employment is terminated without cause or he elects to terminate his employment due certain specified events that adversely affect his
position as CEO, he would receive severance compensation equal to one years salary, the Company would pay his 50% share of his COBRA health insurance premiums and his unvested options or restricted shares will become vested. The
foregoing description of the Employment Agreement is not intended to be complete and is qualified in its entirety by reference to that Agreement, a copy of which is attached as Exhibit 10.49 to the Companys Current Report on Form 8-K
dated July 21, 2011.

We do not have any employment, severance or change of control agreements with any other of our NEOs
or other executive officers.

Our stock incentive plans provide that all unvested options or restricted shares, whether held
by NEOs or other employees, will become vested on a change of control of the Company unless the party acquiring control of the Company agrees to assume or substitute comparable equity incentives for those outstanding options on terms approved by the
Compensation Committee.



12



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##### Table of Contents

Director Compensation

Only non-employee directors receive compensation for service on the Board of Directors and Committees of the Board. In 2011, each
non-employee director received a retainer of $6,000 per year for his service as a member of the Board of Directors and a fee of $1,500 (i) for each Board meeting he attended and (ii) for each Committee meeting he attended on a date other
than a date on which a Board meeting was held. Non-employee directors also are reimbursed for their out-of-pocket expenses incurred in attending those meetings.

Pursuant to the Companys stockholder-approved employee stock incentive plans, each year each non-employee director is automatically granted an option to purchase 2,000 shares of common stock at an
exercise price that is equal to the per share closing price of the Companys shares on the date of grant, as reported by the American Stock Exchange. These options become fully exercisable six months after the date of grant. Upon joining the
Board, any new non-employee director is granted an option to purchase 2,000 shares, which becomes exercisable in full one year after the date of grant.

The following table sets forth, for each non-employee director, information regarding the cash compensation paid and the stock options granted for service on the Board and its Committees during 2011.



|                 |  |                               |        |  |                     |   |       |                       |  |   |       |  |  |   |        | 
|---------------- |  | ----------------------------- | ------ |  | ------------------- | - | ----- | --------------------- |  | - | ----- |  |  | - | ------ | 
|Name             |  | Fees Earned orPaid in Cash(1) |        |  | OptionAwards ($)(2) |   |       | All OtherCompensation |  |   | Total | 
|                 |  |                               |        | 
|John W. Casey    |  | $                             | 13,500 |  |                     | $ | 4,320 |                       |  | $ |      |  |  | $ | 17,820 | 
|                 |  |                               |        | 
|Leonard P. Danna |  | $                             | 16,500 |  |                     | $ | 4,320 |                       |  |   |      |  |  | $ | 20,820 | 
|                 |  |                               |        | 
|Ben A. Frydman   |  | $                             | 16,500 |  |                     | $ | 4,320 |                       |  |   |      |  |  | $ | 20,820 | 
|                 |  |                               |        | 
|Robert S. Throop |  | $                             | 15,000 |  |                     | $ | 4,320 |                       |  |   |      |  |  | $ | 19,320 | 



|(1) | This column reports the amount of cash compensation earned in 2011 for Board and Committee service.
|--- | ---------------------------------------------------------------------------------------------------



|(2) | Amounts in this column represent the fair values of stock options granted to each director at the date of grant of the options, determined in accordance with FASB ASC
718. The fair values of options were estimated using a binomial option valuation model which incorporates certain assumptions relating to a risk-free market interest rate, expected dividend yield of the Companys common stock, expected option
life and expected volatility in the market value of the our common stock. For a complete description of the valuation methodology and the assumptions used in the estimation, please refer to Note E, STOCK INCENTIVE PLANS to the
Companys consolidated financial statements included in Item 8 of this Annual Report on Form 10-K.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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##### Table of Contents

|ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
|-------- | ----------------------------------------------------------------------------------------------

The following table sets forth, as of April 20, 2012, information regarding the ownership of the Companys outstanding shares of
common stock by (i) each person known to management to own, beneficially or of record, more than five percent (5%) of the outstanding shares of our common stock, (ii) each director and each of the NEOs and other executive officers of
the Company, and (ii) all of those directors and executive officers as a group. As of April 20, 2012, a total of 4,754,596 shares of our common stock were outstanding.



|                                                                                             |  |                                             |           |     |                              |  |      |  
|-------------------------------------------------------------------------------------------- |  | ------------------------------------------- | --------- | --- | ---------------------------- |  | ---- | -
|Name and Address of Beneficial Owners                                                        |  | Amount and Nature ofBeneficial Ownership(1) |           |     | Percent of SharesOutstanding | 
|Thomas R. McGuire
350 Woodview Avenue
Morgan Hill, CA 95037                                  |  |                                             | 535,083   | (2) |                              |  | 11.2 | %
|Robert E. Robotti(3) Robotti & Company, Incorporated
52 Vanderbilt Avenue
New York, NY 10017 |  |                                             | 401,421   | (3) |                              |  | 8.5  | %
|JB Capital Partners, L.P.
Alan W. Weber 5 Evan Place
Armonk, NY 10504                        |  |                                             | 375,100   | (4) |                              |  | 7.9  | %
|Dimensional Fund Advisors, LP
1299 Ocean Avenue
Santa Monica, CA 90401                       |  |                                             | 354,238   | (5) |                              |  | 7.5  | %
|Lone Star RV Sales, Inc.
14444 North Freeway,
Houston, TX 77090                              |  |                                             | 252,900   | (6) |                              |  | 5.3  | %
|John W. Casey                                                                                |  |                                             | 43,000    | (7) |                              |  | *    |  
|Robert S. Throop                                                                             |  |                                             | 43,000    | (7) |                              |  | *    |  
|Ben A. Frydman                                                                               |  |                                             | 31,000    | (7) |                              |  | *    |  
|Leonard P. Danna                                                                             |  |                                             | 18,000    | (7) |                              |  | *    |  
|James Musbach                                                                                |  |                                             | 379,000   | (8) |                              |  | 7.7  | %
|Sandra A. Knell                                                                              |  |                                             | 169,662   | (8) |                              |  | 3.5  | %
|Dennis A. Castagnola                                                                         |  |                                             | 143,398   | (8) |                              |  | 3.0  | %
|David A. Berger                                                                              |  |                                             | 115,331   | (8) |                              |  | 2.4  | %
|All directors and NEOs as a group (9 persons)                                                |  |                                             | 1,478,057 | (9) |                              |  | 28.7 | %



|* | Less than 1%.
|- | -------------



|(1) | Under SEC rules (i) a person is deemed to be the beneficial owner of shares if that person has, either alone or with others, the power to vote or dispose of those
shares; and (ii) if a person is holds options to purchase shares of our common stock, that person will be deemed to be the beneficial owner of the number of those shares that may be purchased by exercise of those options at any time during a 60
day period which, for purposes of this table, will end on June 20, 2012. The number of shares subject to options that are exercisable or may become exercisable during that 60-day period are deemed outstanding for purposes of computing the
number of shares beneficially owned by, and the percentage ownership of, the person holding such options, but not for computing the percentage ownership of any other stockholder. Except as otherwise noted below, the persons named in the table have
sole voting and dispositive power with respect to all shares shown as beneficially owned by them, subject to community property laws where applicable.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(2) | Includes 40,000 shares subject to outstanding stock options exercisable during the 60-day period ending June 20, 2012.
|--- | ----------------------------------------------------------------------------------------------------------------------



|(3) | In a report filed by Robert E. Robotti with the SEC on March 28, 2008 (which is the most recent such report filed by Mr. Robotti), of these 401,421 shares of
the Companys common stock, Mr. Robotti shares voting and dispositive power with: (i) Robotti & Company, Incorporated as to 5,000 of these shares; (ii) Robotti & Company, LLC, as to 18,950 of these shares,
(iii) Robotti Company Advisors LLC as to 14,750 of these shares; (iv) Kenneth R. Wasiak, Ravenswood Management Company, LLC and Ravenswood Investment Company, L.P. as to 241,535 of these shares, and (v) Kenneth R. Wasiak, Ravenswood
Management Company, LLC and Ravenswood Investments III, as to 101,186 of these shares. Mr. Robotti also reported that he may be deemed to share beneficial ownership with Suzanne Robotti, Mr. Robottis wife, as to 20,000 shares, even
though the report states that Suzanne Robotti holds sole voting and
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



14



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##### Table of Contents

dispositive power with respect to those 20,000 shares. However, the report also states that
each of the above-named persons and entities disclaims beneficial ownership of the shares held by each of the other named persons and entities.



|(4) | In a report filed with the SEC, JB Capital Partners, L.P. and Alan W. Weber, its general partner, reported that they share voting and dispositive power and, therefore,
share beneficial ownership, with respect to 371,100 of these shares and that Mr. Weber is the sole beneficial owner of, with sole voting and dispositive power over, the other 4,000 shares. The report also states that each of JB Capital
Partners and Mr. Weber disclaims beneficial ownership in the shares owned by the other, except to the extent of any pecuniary interest that such reporting person has in the shares of the other.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(5) | Dimensional Fund Advisors, LP (DFA) is an investment advisor registered under Section 203 of the Investment Advisors Act of 1940. According to a report
filed by DFA with the SEC: (i) these 354,238 shares are owned by four investment companies registered under the Investment Company Act of 1940 and certain commingled group trusts and separate accounts, and (ii) in its capacity as
investment advisor to those investment companies and investment manager of those trusts and accounts, DFA exercises sole voting power with respect to 352,038 of these shares and sole dispositive power with respect to all 354,238 of these shares.
However, in that report DFA disclaimed beneficial ownership of these shares.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(6) | In a report filed with the SEC, Lone Star RV Sales, Inc. reported that it possesses sole ownership and dispositive power with respect to these shares and that it
disclaims beneficial ownership of 13,000 shares owned by Scott Byrne and 10,000 shares owned by Gordon Byrne.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(7) | Includes shares subject to outstanding stock options which are or may become exercisable at any time during the 60-day period ending June 20, 2012, as follows:
Mr. Casey  20,000 shares; Mr. Throop  18,000 shares; Mr. Frydman  20,000 shares; and Mr. Danna  18,000 shares.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(8) | Includes shares subject to outstanding stock options which are or may become exercisable at any time during the 60-day period ending June 20, 2012, as follows:
Mr. Musbach  185,000 shares; Ms. Knell  30,000 shares; Mr. Castagnola  30,000 shares; and Mr. Berger  30,000 shares.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(9) | Includes a total of 391,000 shares subject to outstanding stock options which are or may become exercisable at any time during the 60-day period ending
June 20, 2012.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------

Information Regarding Equity Compensation Plans

The following table provides information as of December 31, 2011 relating to our equity compensation plans:



|                                                       |  |                                                                  |         |  |                                                     |   |      |                                                                                                                                    |  |  |        | 
|------------------------------------------------------ |  | ---------------------------------------------------------------- | ------- |  | --------------------------------------------------- | - | ---- | ---------------------------------------------------------------------------------------------------------------------------------- |  |  | ------ | 
|                                                       |  | Column A                                                         |         |  | Column B                                            |   |      | Column C                                                                                                                           | 
|                                                       |  | Number
ofSecurities to beIssued on Exerciseof OutstandingOptions |         |  | WeightedAverage 
ExercisePrice
ofOutstandingOptions |   |      | Number of SecuritiesRemaining
Availablefor Future Issuanceunder
EquityCompensation Plans(Excluding SecuritiesReflected in Column A | 
|Equity compensation plans approved by stockholders     |  |                                                                  | 546,001 |  |                                                     | $ | 4.54 |                                                                                                                                    |  |  | 52,666 | 
|Equity compensation plans not approved by stockholders |  |                                                                  |        |  |                                                     |   |     |                                                                                                                                    |  |  |       | 
|                                                       |  |                                                                  |         |  |                                                     |   |      |                                                                                                                                    |  |  |        | 
|                                                       |  |                                                                  | 546,001 |  |                                                     | $ | 4.54 |                                                                                                                                    |  |  | 52,666 | 
|                                                       |  |                                                                  |         |  |                                                     |   |      |                                                                                                                                    |  |  |        | 



|ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
|-------- | ----------------------------------------------

During 2011 there were no transactions or any series of similar transactions engaged in by the Company in which any NEO, Director or holder of more than 10% of our common stock, or any member of the
immediate family or any affiliates of any of the foregoing persons, had any direct or indirect material interest, nor are there any such transactions currently contemplated by the Company.



15



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##### Table of Contents

|ITEM 14. | PRINCIPAL ACCOUNTANT FEES AND SERVICES
|-------- | --------------------------------------

The accounting firm of Burr Pilger Mayer, Inc. (Burr Pilger Mayer) served as the Companys independent registered public accounting firm for the years ended December 31, 2011 and
2010.

Audit and Other Services Rendered and Related Fees

Audit Services. During each of the years ended December 31, 2011 and 2010, Burr Pilger Mayer rendered audit services to us consisting of: (i) the annual audit of our consolidated
financial statements for each of those years; and (ii) reviews of our interim consolidated financial statements that were included in our Quarterly Reports on Form 10-Q, filed with the SEC for the quarters ended March 31, June 30
and September 30, in each of those years, respectively. Fees paid for those audit services totaled $261,270 for 2011 and $261,850 for 2010.

Audit Related Services. During 2011 and 2010 Burr Pilger Mayer did not provide any audit related services to us.

Tax Related Services.In 2011 Burr Pilger Mayer provided tax advisory services to us, the fees for which were $10,000. No tax related services were provided in 2010.

Other Services. Burr Pilger Mayer did not render any consulting or other services to us in fiscal 2011 or 2010.

Audit Committee Pre-Approval Policy

The Audit Committees policy is to pre-approve services to be performed by the Companys independent registered public accountants in the categories of audit services, audit-related services,
tax services and other services. This policy is designed to ensure that the provision of any non-audit services does not impair the independence of the Companys registered public accounting firm. Additionally, the Audit Committee will consider
on a case-by-case basis and, if appropriate, approve specific engagements that are not otherwise pre-approved.



16



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##### Table of Contents

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this
Amendment No. 1 on Form 10-K/A to be signed on its behalf by the undersigned, thereunto duly authorized.



|                      |  |  |  |                                     |  |                                                     
|--------------------- |  |  |  | ----------------------------------- |  | ----------------------------------------------------
|Dated: April 26, 2012 |  |  |  | THE COAST DISTRIBUTION SYSTEM, INC.
|                      |  |  | 
|                      |  |  |  | By:                                 |  | /S/ SANDRA A. KNELL                                 
|                      |  |  |  |                                     |  | Sandra A. Knell,                                    
|                      |  |  |  |                                     |  | Executive Vice President and Chief Financial Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this Amendment No. 1 on Form
10K/A has been signed below by the following persons in the capacities and on the dates indicated.



|                                         |  |                                                                                                             |  |               
|---------------------------------------- |  | ----------------------------------------------------------------------------------------------------------- |  | --------------
|Signatures                               |  | Title                                                                                                       |  | Date          
|                                         |  |                                                                                                            
|/s/ JAMES MUSBACH* James Musbach         |  | President, Chief Executive Officer and Director(Principal Executive Officer)                                |  | April 26, 2012
|                                         |  |                                                                                                            
|/s/ THOMAS R. MCGUIRE*
Thomas R. McGuire |  | Executive Chairman andChairman of the Board of Directors                                                    |  | April 26, 2012
|                                         |  |                                                                                                            
|/s/ SANDRA A. KNELL
Sandra A. Knell      |  | Executive Vice President and Chief Financial
Officer (Principal Financial and Principal Accounting Officer) |  | April 26, 2012
|                                         |  |                                                                                                            
|/s/ JOHN W. CASEY* John W. Casey         |  | Director                                                                                                    |  | April 26, 2012
|                                         |  |                                                                                                            
|/s/ LEONARD P. DANNA*
Leonard P. Danna   |  | Director                                                                                                    |  | April 26, 2012
|                                         |  |                                                                                                            
|/s/ BEN A. FRYDMAN*
Ben A. Frydman       |  | Director                                                                                                    |  | April 26, 2012
|                                         |  |                                                                                                            
|/s/ ROBERT S. THROOP*
Robert S. Throop   |  | Director                                                                                                    |  | April 26, 2012



|    |  |                                     |  |  |  |               
|--- |  | ----------------------------------- |  |  |  | --------------
|By: |  | /S/ SANDRA A. KNELL                 |  |  |  |               
|    |  | * Sandra A. Knell, Attorney-in-Fact |  |  |  | April 26, 2012



S-1



---

##### Table of Contents

INDEX TO EXHIBITS



|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|----------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit No. |  | Description of Exhibits*                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|            | 
|3.1A        |  | Certificate of Incorporation of the Company as filed with the Delaware Secretary of State on July 1, 1997 and as in effect since that date (incorporated by reference to Exhibit
B to the Companys Definitive Proxy Statement dated and filed with the SEC on July 3, 1997).                                                                                                                                                                                                        
|            | 
|3.3         |  | Amended and Restated Bylaws of the Company effective as of December 19, 2007 (Incorporated by reference to the Exhibit 3.3 to the Companys Current Report on Form 8-K
dated December 19, 2007).                                                                                                                                                                                                                                                                                     
|            | 
|4.1         |  | Rights Agreement, dated as of February 3, 2006, between the Company and U.S. Stock Transfer Corporation, which includes, as Exhibit A, a form of Certificate of Designation for
the Series A Junior Participating Preferred Stock; as Exhibit B, the Form of Rights Certificate and. As Exhibit C, a Summary of Rights. (Incorporated by reference from the same numbered Exhibit to the Companys Registration Statement on Form
8-A filed with the Commission on February 6, 2006).
|            | 
|10.31       |  | 1993 Stock Option and Incentive Plan. (Incorporated by reference to Exhibit 4.3 to the Companys Registration Statement on Form S-8 (File No. 33-64582) filed with the SEC on
June 17, 1993).                                                                                                                                                                                                                                                                                        
|            | 
|10.34       |  | Distribution Agreement dated October 11, 1995 between the Company and Recreation Vehicle Products, Inc. (Incorporated by reference to Exhibit 10.1 to the Companys
Quarterly Report on Form 10-Q for the Quarter ended September 30, 1995).                                                                                                                                                                                                                                         
|            | 
|10.36       |  | 1999 Stock Incentive Plan (Incorporated by reference to Exhibit 10.36 to the Companys Annual Report on Form 10-K for the year ended December 31, 2000).                                                                                                                                                                                                                                                                                                                             
|            | 
|10.39       |  | Third Amended and Restated Loan & Security Agreement dated as of August 30, 2005 between Coast and certain of its Subsidiaries and Standard Federal Bank NA, LaSalle
Business Credit, LLC, and LaSalle Business Credit, a Division of ABN AMRO BANK N.V., Canada Branch. (Incorporated by reference to Exhibit 99.1 to the Companys Current Report on Form 8-K dated August 30, 2005 and filed with the SEC on
September 6, 2005).                                                  
|            | 
|10.40       |  | 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 to the Companys Registration Statement on Form S-8 (File No. 333-136864 filed with the Commission on
August 24, 2006).                                                                                                                                                                                                                                                                                         
|            | 
|10.44       |  | The 2008 Equity Incentive Plan approved by the Companys stockholders (incorporated by reference to Appendix A to the Companys definitive Proxy Statement filed with the
SEC on July 22, 2008).                                                                                                                                                                                                                                                                                     
|            | 
|10.45       |  | Fourth Amendment and Waiver, dated as of March 27, 2008, entered into by the Company and Bank of America, N. A., amending certain of the terms and provisions of the Loan and
Security Agreement for the Companys revolving bank credit line. (Incorporated by reference to the same numbered Exhibit to the Annual Report on Form 10-K for the year ended December 31, 2008, filed with the Commission on March 31,
2009.)                                                         
|            | 
|10.46       |  | Fifth Amendment to Third Amended & Restated Loan and Security Agreement entered into November 30, 2009 by The Coast Distribution System, Inc. and Bank of America, N. A.
(Incorporated by reference to Exhibit 10.46 to the Companys Current Report on Form 8-K dated November 30, 2009.)                                                                                                                                                                                           
|            | 
|10.47       |  | Seventh Amendment to Third Amended & Restated Loan and Security Agreement entered into as November 8, 2010 by the Company and Bank of America, N. A. (Incorporated by
reference to Exhibit 10.99 to the Companys Quarterly Report on Form 10-Q for the quarter ended September 30, 2010.)                                                                                                                                                                                           
|            | 
|10.48       |  | Eighth Amendment to Third Amended & Restated Loan and Security Agreement entered into as of May 10, 2011 by the Company and Bank of America, N.A. (Incorporated by reference
to Exhibit10.48 to the Companys Quarterly Report on Form 10-Q for the quarter ended March 31, 2011.)                                                                                                                                                                                                   
|            | 
|10.49       |  | Ninth Amendment to Third Amended & Restated Loan and Security Agreement entered into as of July 27, 2011 by the Company and Bank of America, N.A. (Incorporated by reference
to Exhibit 99.1 to the Companys Current Report on Form 8-K dated July 27, 2011.)                                                                                                                                                                                                                       
|            | 
|10.50       |  | Tenth Amendment to Third Amended & Restated Loan and Security Agreement entered into as of November 8, 2011 between the Company and Bank of America, N.A. (Incorporated by
reference to Exhibit 99.1 to the Companys Quarterly Report on Form 10-Q for the quarter ended September 30, 2011.)                                                                                                                                                                                       
|            | 
|10.51       |  | Employment Agreement dated July 21, 2011 between the Company and James Musbach, the Companys CEO. (Incorporated by reference to Exhibit 10.49 to the Companys
Current Report on Form 8-K dated July 21, 2011 and filed with the SEC on July 22, 2011.)                                                                                                                                                                                                                             



E-1



---

##### Table of Contents

INDEX TO EXHIBITS

(Continued)



|            |  |                                                                                                   
|----------- |  | --------------------------------------------------------------------------------------------------
|Exhibit No. |  | Description of Exhibits                                                                           
|            | 
|21          |  | Subsidiaries of Registrant                                                                        
|            | 
|23.1        |  | Consent of Burr Pilger Mayer, Inc., Independent Registered Public Accounting Firm                 
|            | 
|24          |  | Power of Attorney  Included on Signature Page.                                                   
|            | 
|31.1       |  | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|            | 
|31.2       |  | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|            | 
|32.1       |  | Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|            | 
|32.2       |  | Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|            | 
|101.INS*    |  | XBRL instance Document                                                                            
|            | 
|101.SCH*    |  | XBRL Taxonomy Extension Schema Document                                                           
|            | 
|101.CAL*    |  | XBRL Taxonomy Extension Calculation Linkbase Document                                             
|            | 
|101.DEF*    |  | XBRL Taxonomy Extension Definition Linkbase Document                                              
|            | 
|101.LAB*    |  | XBRL Taxonomy Extension Label Linkbase Document                                                   
|            | 
|101.PRE*    |  | XBRL Taxonomy Extension Presentation Linkbase Document                                            



| | Exhibits 31.1, 31.2, 32.1 and 32.2 are the only Exhibits being filed with this Amendment No. 1 to registrants Annual Report on Form 10-K for the year ended
December 31, 2011.
|- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|* | Attached as Exhibit 101 to this report are documents formatted in XBRL (Extensible Business reporting Language). Pursuant to applicable securities laws and regulations,
we are deemed to have complied with the reporting obligation relating to the submission of interactive data files in such exhibits and are not subject to liability under any anti-fraud provisions of the federal securities laws as long as we have
made a good faith attempt to comply with the submission requirements and promptly amend the interactive data files after becoming aware that the interactive data files fail to comply with the submission requirements. Users of this data are advised
that, pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, are deemed not filed or part of any registration statement or
prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, and are otherwise not subject to liability under these sections.
|- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



E-2